Tuesday Afternoon and Banking Sector

days: The currency rose 5% to about 6.5 to the dollar on Tuesday afternoon, after slumping 20% in the past four working days, according to The Guardian. The country's central bank stepped in on Monday by pledging to provide liquidity to its banking sector. There was some respite for the lira after days of heavy losses. Turkish crisis Indian rupee hits record low but lira recovers - business live Read more Berat Albayrak, Turkey's treasury and finance minister, and President Recep Tayyip Erdo an's son-in-law, provided further support with defiant comments on the national currency. He also attacked the US currency, saying it had lost all credibility despite the dollar trading at one-year highs against most major currencies. Albayrak told members of the ruling AK party We will protect the lira, we will march with the lira and the lira will strengthen greatly in the coming period. (news.financializer.com). As reported in the news.